China's Instrumentation Market Will Become Saturated

China's domestic instrumentation industry lacks scientific and technological content, lacks innovation capability, and the reliability and stability of instrumentation and automation systems are far from those of foreign products, leading to 100% dependence on imports for many high-end measurement instruments. According to statistics, the value of advanced equipment and equipment imported from abroad each year is nearly 600 billion yuan, of which high-end scientific instruments and medical equipment total about 100 billion yuan, and the annual growth rate is about 30%. This has further triggered the overcapacity of the instrument and meter industry as a whole, with little profit.

Under the background of relative saturation of the market and fierce competition, instrument and instrument companies have introduced measures to improve their industrial competitiveness. First, enterprises should step up efforts to adjust production methods, formulate strict production standards, improve the current chaotic situation, and create a good market environment. Second, companies must take the road of innovation, learn advanced foreign technologies, strengthen technical support, and shorten them as soon as possible. The gap between high-end foreign products competes for the domestic high-end market. Third, talents should be emphasized, high-end technical talents should be introduced, and the use of high-end talents should be used to enhance the scientific and technological R&D level of the industry.

According to the 2013-2017 China Special Instrument Market Analysis and Investment Prospects Report published by Champion Consulting, it shows that although China's instrumentation business has achieved certain development in recent years, the phenomenon of unreasonable structure is still serious. Although the future market development potential of electrical instrumentation products is relatively large, in the current market environment, competition is becoming more intense and the market tends to be saturated. This is also the future trend of China's electrical instrumentation industry. Related companies must recognize the current industry trends and actively seek new outlets in a relatively saturated market.